Paytm & its payments bank discontinue inter-company agreements to reduce dependencies
Paytm didn't say what agreements were being terminated. Payments bank agreed to simplify shareholders’ agreement to 'support Paytm Payments Bank‘s governance, independent of shareholders'. Key Points
ThePrintKnow how to reduce AC bills during summer
With the onset of summer, AC will become a necessity to survive the scorching heat. However, AC’s comfort comes at the cost of high AC bills and energy consumption. Follow these tricks to cut-down your AC bills Key Points
mintOil and gas should not be demonized: Elon Musk
It is important to reduce carbon emissions to preserve the planet, but oil and natural gas should not be demonized in the medium-term, Elon Musk said on Saturday. Earlier this week representatives from nearly 200 countries agreed at the COP28 climate summit to begin reducing global consumption of fossil fuels to avert the worst of climate change, signalling the eventual end of the oil age. Climate change alarm is exaggerated in the short term, the US billionaire said, adding that the environmental movement may have gone too far, causing people to lose faith in the future. Key Points
Economic TimesAmazon Great Freedom Festival Sale 2023: Best deals on smartphones under ₹20,000
Amazon Great Freedom Festival Sale starts today at 12 PM IST for Prime members. Some of the best smartphone deals include OnePlus Nord CE 3 Lite 5G, Samsung Galaxy M34 5G, realme narzo 60 5G, Oppo A78 5G, and iQOO Z7s 5G. Key Points
mintAmazon Great Freedom Festival Sale starts today for Prime Members. Check out best deals and offers
Amazon Great Freedom Festival Sale begins today at 12 PM IST for Prime members. Non-Prime members can shop from August 4 onwards. Extra 10% discount for SBI Credit Card transactions or EMI. Sale runs until August 8 with discounts on smartphones, laptops, TVs, and more. Key Points
mint
Amazon Great Freedom Festival Sale starts today for Prime Members. Check out best deals and offers on premium phones
Amazon Great Freedom Festival Sale begins today at 12 PM IST for Prime members. Non-Prime members can shop from August 4 onwards. Extra 10% discount for SBI Credit Card transactions or EMI. Sale runs until August 8 with discounts on smartphones, laptops, TVs, and more. Key Points
mintWorld No Tobacco Day 2024: 5 foods that can help reduce cravings when quitting smoking
Quitting smoking is a challenging journey. Here are five foods that can support you in your efforts to quit smoking and promote a healthier lifestyle. | Health Key Points
Hindustan TimesCitigroup to lay off 286 employees in New York, filing shows
Citigroup said in January it would cut 20,000 jobs over the next two years, while acknowledging a clearly disappointing quarter marred by one-off charges that resulted in a $1.8 billion loss. The lender is aiming to reduce its global workforce by roughly 8% through 2026, including layoffs from the reorganization, Chief Financial Officer Mark Mason told reporters at the time. Key Points
Economic TimesNovotel Mumbai Juhu beach installs EV charging station
India Business News: Novotel Mumbai Juhu beach has installed an Electric Vehicle (EV) charging station to provide its guests and visitors powering options for their electric vehicles. reduce carbon emissions and promote eco-friendly practices in the hospitality sector. Other initiatives include an in-house bottling plant to reduce plastic waste and the introduction of a vegan menu for sustainable dining options. Key Points
Times Of IndiaRishi Sunak toughens UK visa rules to cut immigration: 'Radical action'
The tough new immigration rules are said to reduce the number of people able to move to the U.K. each year by hundreds of thousands. | World News Key Points
Hindustan Times
CBIC raises threshold for filing appeals before CESTAT and courts
The Central Board of Indirect Taxes and Customs (CBIC) has increased the threshold for filing appeals before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) by ten times to Rs 50 lakh, aiming to reduce litigations. The thresholds for appeals in high courts and the Supreme Court have been doubled to Rs 1 crore and Rs 2 crore, respectively. Key Points
Economic TimesIranian gets death penalty for adultery
Tehran: An Iranian court has sentenced a woman to death for adultery, the state media said. The woman worked as a trainer in a gym for women. It said her husband contacted the police in 2022 when he found her with another man at their house. Under Iranian law, she can appeal and courts can reduce de Key Points
The Tribune IndiaUS SEC chief says government shutdown would reduce agency to 'skeletal' staff
Wall Street's top regulator on Wednesday told U.S. lawmakers that a looming shutdown of the federal government would reduce his agency's staffing to "skeletal" levels. Key Points
ReutersHomemakers ask Nirmala Sitharaman to reduce cooking gas price, FM says THIS
Locals in Tamil Nadu’s Kanchipuram district requested Finance Minister Nirmala Sitharaman to reduce cooking gas price during her visit to a village. The minister stated that the price of cooking gas is decided by the international market. Key Points
India TodayGovernment asks Mumbai Airport to reduce flights to ease congestion
The government has directed Mumbai airport to reduce scheduled flights and limit business jet movements during peak hours to alleviate congestion. This mandate will result in the cancellation of approximately 40 flights, impacting airlines like IndiGo and Air India. Additionally, the extension of the curfew on business jets has drawn criticism from corporate giants. Key Points
Economic Times
Musk to remove likes, reposts from X timeline, users say ‘excessively stupid'
X users slammed the decision, saying this is “excessively stupid” and will “greatly reduce engagement”. Elon Musk on Thursday said he is going to remove the count... Key Points
The Tribune IndiaCapitaLand India commissions captive solar plant in Tuticorin
India Business News: CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tuticorin in Tamil Nadu. The 21 MW solar plant will generate over 30 million kWh of electricity annually and meet the power supply needs of two million sq ft of office space. This will increase CLINT’s green energy usage by over 70%, reduce its carbon emissions by more than 17,000 tonnes, as well as reduce its need to purchase power. Key Points
Times Of IndiaNo big jump, UK announces staged hike in minimum salary for family visas
Home Secretary James Cleverly emphasized that the overall plan aims to reduce net migration to the UK by an estimated 300,000 people compared to the previous year. Additionally, the government has announced changes to the list of occupations in short supply and measures to ensure immigrants can adequately support family members. Key Points
Economic TimesAmazon Great Indian Festival Sale 2023: Kickstarter Deals on Samsung Galaxy S23 5G, Fire-Boltt Asteroid smartwatch, more
Amazon's Great Indian Festival Sale 2023 offers up to 89% discounts on gadgets like smartphones, laptops, and smartwatches. SBI cardholders get an extra 10% discount. Some highlighted deals include the Samsung Galaxy S23, OnePlus Y Series TV, ASUS Vivobook S15, and more. Key Points
mintSeamless travel ahead: Government to soon introduce barrier-less tolling; Details inside
A revolutionary change is on the horizon for commuters as the government readies itself to launch a barrier-less tolling system. Through ongoing trials, the aim is to eradicate wait times completely at toll booths. Minister of State for Road Transport and Highways, V K Singh, shared that upon the success of these trials, swift implementation is in the cards. This development holds the potential to transform the tolling experience, offering a significant reduction in delays and an overall enhanced travel convenience. Key Points
Economic Times
Government to build foodgrain godowns in every block
The scheme will utilise funds already allocated for other schemes, Thakur said. Under this scheme, a godown of a capacity of 2000 tonnes will be constructed in every block, or district subdivision. An inter-ministerial committee will be formed for this. The initiative will help reduce damage of foodgrains due to a lack of storage, check distress sales by farmers, reduce import dependence, and create employment opportunities in rural India, the minister said. Key Points
Economic TimesTech Mahindra shares plunge 6% on Q3 earnings. Here's what brokerages recommend
Shares of Tech Mahindra fell more than 6% following disappointing Q3 results. Kotak Institutional Equities and Nuvama retained their 'Reduce' ratings. Kotak highlighted the long turnaround journey for Tech Mahindra despite healthy revenue growth, citing macro challenges and weak telecom outlook. Nuvama called Q3 earnings a mixed bag with an uncertain outlook, noting lower EBIT margin and weak bookings. Key Points
Economic TimesPics: New terminal building at Port Blair airport ahead of inauguration by PM
The new facility, constructed at a cost of around Rs 710 crore, aims to enhance connectivity to the island, a union territory. The Prime Minister's Office (PMO) noted that boosting connectivity infrastructure has been a major focus of the government. Key Points
India TodayLTIMindtree shares tumble 10% on weak Q3 earnings, ratings downgrades. How to trade now?
IT services company LTIMindtree's stock tanked 10% following lower-than-expected Q3 earnings. CLSA downgraded the stock to Sell, while Kotak Institutional Equities recommended a reduce rating due to weak quarter-on-quarter growth. Motilal Oswal maintained a Neutral rating, while Nuvama retained a Buy stance but cut the price target. InCred downgraded the stock to Reduce. LTIMindtree reported a 17% YoY rise in net profit to Rs 1,169 crore and a 5% increase in revenue to Rs 9,017 crore for the quarter. Key Points
Economic TimesHow NPS, tax-free perks can reduce your tax outgo by Rs 1 lakh
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their income and investments. Key Points
Economic Times
How HRA and NPS can cut tax out by Rs 1.5 lakh
Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments. Key Points
Economic TimesCabin lighting and these dishes can help reduce jet lag in passengers travelling on long flights: Qantas Airways study
Qantas Airways researched ways to help passengers reduce jet lag on long flights. Passengers reported getting better sleep and feeling less jet-lagged. | Travel Key Points
Hindustan TimesLesser Googling and more naps may help reduce dementia
Daily brain exercises like memory workouts, developing an associative memory, moderating alcohol, using rest days and regular naps help enhance brain health.... Key Points
The Tribune IndiaGovt mulls more frequent job data surveys
India's Ministry of Statistics and Programme Implementation (MoSPI) is considering increasing the frequency of the Periodic Labour Force Survey (PLFS) from quarterly urban unemployment data to monthly, and shifting the release of rural employment data from annual to quarterly. Officials are also discussing revising the base year for gross domestic product (GDP) and inflation. These efforts aim to leverage technology to enhance efficiency and reduce data lag, ensuring compliance with international standards. Key Points
Economic TimesReady for re-rating once again? 4 stocks from textile sector with upside potential of up to 24%
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic Times
Amazon’s Audible fired over 100 employees
Amazon's Audible division to reduce its workforce by approximately 5 per cent as part of the company's broader efficiency strategy. The move follows similar layoffs in other Amazon units. Key Points
India TodayCentral Board of Indirect Taxes & Customs app to cut litigation time
Named 'Samay', the app will capture all the pending orders across levels from adjudicating officer to the Customs, Excise and Service Tax Appellate Tribunal (Cestat) to High Courts, and reflect the pendency of review orders that are either under process at various levels or awaiting processing at the commissionerate level. The initiative will greatly reduce the litigation time, CBIC officials said. Key Points
Economic TimesGovernments should nudge us towards sustainable lifestyles
Policymakers should not shy away from pushing us the right way. Good policy will not unfairly burden those who can least afford it, but will make green options a no-brainer. Key Points
mintHeadwinds are an opportunity for long-term investors: 6 agro-chemical stocks with upside potential of up t
Majority of businesses have a cycle of ups and downs. The question is whether the downs are cyclical in nature or they have come up due to one off event. Agro chemical sector is in a down cycle due to one off events. Sudden increase in inventory in the industry, oversupply which came into markets to resumption of the Chinese production post covid curbs. That is the reason that the sector which did extremely well in the first part of the bull run which starred post covid has been underperforming for some time. Given the fact that in the last three months, the problem of over inventory in the system has started to reduce. Is the worst of the issues behind the agro chemical companies? Key Points
Economic TimesFrom climate pledges to action: unbiased data is a must for strong regulation
Technical assistance from independent NGOs can lay the groundwork for the policy successes needed to fight climate change. Rules that promote the use of cutting-edge technologies can foster innovation, enhance competitiveness, and help countries position themselves as climate leaders. Key Points
mint
Soon, all vehicle companies must install in-built collision warning signal
The proposed system will inform the driver of the presence of pedestrians and cyclists in the close-proximity and warn him. The ministry aims to reduce the number of road accidents in India to half by 2024. As per official data, 21.4% of all road accidents are due to 'hit from back' collisions, 15.4% by 'hit from side' and 3.1% with parked vehicles. Key Points
Economic TimesApple' Foxconn commences production of iPhone 15 in Tamil Nadu, strengthening operations in India: Report
Apple's upcoming iPhone 15 is reportedly entering production in Tamil Nadu, India, as the company aims to reduce manufacturing disparities with China. The move is part of Apple's broader initiative to diversify its manufacturing beyond China and reduce supply chain vulnerabilities. Key Points
mintRBI has taken a pragmatic approach on repo rate: EEPC India chairman
The RBI has underlined the daunting challenges faced by the global economy and its impact on India. The current business environment necessitates stability in finance costs, especially for exporting community, and calls for measures to reduce them. Key Points
Economic TimesUS FDA approves BioMarin's gene therapy for hemophilia A
The U.S. Food and Drug Administration on Thursday approved BioMarin Pharmaceutical's gene therapy for hemophilia A, the company said, giving patients with the inherited bleeding disorder an option to reduce regular blood infusions. Key Points
ReutersGovernment plans to increase outlay for e-2-wheelers under FAME II scheme
The Heavy Industries Ministry is planning to increase the outlay for e-two-wheelers from the current level of Rs 2,000 crore under its flagship FAME-II scheme and reduce the subsidy per vehicle. There is no proposal at present for an extension of FAME-II beyond March 2024 or introduction of FAME-III, the official said on the condition of anonymity. Key Points
Economic Times
Govt sets up Centre for Processing Accelerated Corporate Exit
The establishment of the C-PACE will help to reduce the stress on the Registry along with keeping the registry clean besides availability of more meaningful data to the stakeholders. The C-PACE will also benefit the stakeholders by providing hassle-free filing, timely and process-bound striking off their company's names from the register, the corporate affairs ministry said in a release. Key Points
Economic TimesIn talks with industry players for development of economically viable electric highways: Nitin Gadkari
Union minister Nitin Gadkari on Wednesday said he is in discussion with industry players on development of economically viable electric highways. The minister for road transport and highways highlighted the need to develop import substitute cost-effective, pollution-free and indigenous technology , asserting that sustainable development is the ultimate goal. Key Points
Economic Times